Balkans

Kambi Temporarily Suspends Contract with Bulgaria’s National Lottery

Published

5 years ago

March 16, 2020

Kambi Group plc temporarily suspends contract with National Lottery AD of Bulgaria

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Kambi Group, the Malta-based gaming solutions provider, has suspended temporarily its sports betting service to Bulgaria’s troubled National Lottery AD. The group left with no choice as the Bulgarian operator voluntarily returned its operating licence to the local gaming regulator.

Kambi sent a formal notice to National Lottery AD, informing it of the provision to place bets restricted with immediate effect. National Lottery AD had been using the Kambi Sportsbook for its 7777.bg gaming brand for close to three years.

This is a direct result of the ongoing crackdown on private lotteries in Bulgaria. Following the crackdown, National Lottery’s boss, Bulgarian businessman Vasil Bozhkov, is now facing multiple charges.

It has been claimed that Bozhkov and his lottery operation had not paid proper taxes for years for conducting its activities in Bulgaria.

Bozhkov left his country shortly before he was slapped with a number of charges, ranging from leading an organised crime group, extortion, coercion and attempted bribery. He is also probed for murder and rape.

In February, Bulgaria’s Chief Prosecutor Ivan Geshev declared that Bozhkov had been detained in the United Arab Emirates and that his office was preparing a request for his extradition.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.